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Latest news: Economy, Business and Finance

'Standard practice': summiteers play down Treasury leak

'Standard practice': summiteers play down Treasury leak

Experts believe there's still hope for reform at an upcoming productivity roundtable after Treasury recommendations arising from the summit were leaked.

Ex-Qantas boss returns to defend his troubled legacy

Ex-Qantas boss returns to defend his troubled legacy

Ex-Qantas boss returns to defend his troubled legacy

Ex-Qantas boss returns to defend his troubled legacy

Controversial former Qantas boss Alan Joyce has used a rare public appearance to ask industry figures to consider their "social licence" in future plans.

Price hikes, job cuts push telco's modest profit lift

Price hikes, job cuts push telco's modest profit lift

Price hikes, job cuts push telco's modest profit lift

Price hikes, job cuts push telco's modest profit lift

Australia's largest telecommunications company has posted a 30 per cent increase in its annual profit, but investors are unimpressed.

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EV industry powers down tax talk amid surging sales

EV industry powers down tax talk amid surging sales

Electric vehicle sales have been driven to a record high, but advocates warn it's not yet time to withdraw incentives or impose taxes.

Jobless fall gives RBA room before next rate cut

Jobless fall gives RBA room before next rate cut

The unemployment rate slid to 4.2 per cent in July, partly because of an unwinding from an earlier, outsized jump, the Australian Bureau of Statistics reports.

Indigenous communities plug in to power their future

Indigenous communities plug in to power their future

Renewable energy projects must be developed alongside Indigenous people, and community-led initiatives need more investment, a symposium has been told.

Liquid gas investment inflates Origin Energy's profit

Liquid gas investment inflates Origin Energy's profit

Profits are up for Australia's largest energy company despite challenges from the price of coal, energy tariffs and power plant uncertainty.

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Algal bloom 'collapsing the ecosystem': opposition

Algal bloom 'collapsing the ecosystem': opposition

Algal bloom 'collapsing the ecosystem': opposition

Algal bloom 'collapsing the ecosystem': opposition

More marine life could be added to the threatened species list as the opposition claims SA's devastating algal bloom is "collapsing the ecosystem".

'A luxury not a lifeline': call to defend penalty rates

'A luxury not a lifeline': call to defend penalty rates

'A luxury not a lifeline': call to defend penalty rates

'A luxury not a lifeline': call to defend penalty rates

Unions are urging the government to protect the penalty rates that help bolster the pay packets of millions of Australians.

CommBank's record $10b profit could've been bigger: CEO

CommBank's record $10b profit could've been bigger: CEO

CommBank's record $10b profit could've been bigger: CEO

CommBank's record $10b profit could've been bigger: CEO

Commonwealth Bank could have delivered a better result than its $10 billion profit if it weren't positioning itself for AI revolution, its boss says.

Real wages boost for workers, but costs might worry RBA

Real wages boost for workers, but costs might worry RBA

Real wages boost for workers, but costs might worry RBA

Real wages boost for workers, but costs might worry RBA

Strong annual growth in wages will be noted by the Reserve Bank as it collates data leading up to its next decision on whether to cut interest rates.

Rates cut but borrowers told not to bank on more relief

Rates cut but borrowers told not to bank on more relief

Rates cut but borrowers told not to bank on more relief

Rates cut but borrowers told not to bank on more relief

The cash rate has been cut to its lowest level in more than two years, as the Reserve Bank resisted the temptation to wrong-foot analysts twice in two months.

Unions push back on productivity plan for schools, jobs

Unions push back on productivity plan for schools, jobs

Unions push back on productivity plan for schools, jobs

Unions push back on productivity plan for schools, jobs

Fresh fault lines have formed in the lead up to the government's reform roundtable as unions reject productivity proposals welcomed by businesses.

Productivity a tough puzzle for central bank boffins

Productivity a tough puzzle for central bank boffins

Productivity a tough puzzle for central bank boffins

Productivity a tough puzzle for central bank boffins

The Reserve Bank of Australia has delivered a pessimistic assessment of Australia's productivity potential, ahead of the government's economic roundtable.

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NBN users gorge on fibre for healthier download speeds

Technology upgrades are transforming how Australian's connect to the internet, as the NBN Co's full-year results show many premises are using fibre.

US and China extend tariff truce by 90 days to November

The US and China have extended their trade truce until November 10, just hours before a jump in tariffs had been set to take effect.

Rebooted plastic scheme could hike groceries cost

Consumers could face higher prices for goods wrapped in soft plastic as plans for a much-anticipated recycling scheme are revealed.

Hopes RBA won't repeat shock rates hold as board meets

The "Trumpification" of the US Federal Reserve provides an unsettling backdrop to the Reserve Bank's August meeting, where it is expected to cut interest rates.

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Mortgage holders ready for relief after past rates blow

The Reserve Bank of Australia board is expected to deliver mortgage holders more hip-pocket relief in its upcoming interest rates decision.

Don't tough it out: tradies' mental health in focus

For years, tradies were told to "toughen up and live with it" if they faced mental health challenges, but now the industry is tackling them head-on.

Fears FIFO work will turn gold towns into ghost towns

Miners and regional residents are calling for tax incentives and faster housing approvals to bring in more long-term workers and halt the decline of towns.

Australia and New Zealand embrace in 'uncertain world'

Regional security and global uncertainty are dominating discussions during annual talks between Anthony Albanese and his New Zealand counterpart.

Rates take back seat to affordability for home buyers

Interest rates might be weighing less on Australians' decision to buy or sell a property, with affordability now ranked as the leading influence.

'More gruelling, precarious': climate biting workforce

From disrupted trucking routes to teaching in hot classrooms, the changing climate is already being keenly felt by Australian workers.

'Struggling more than ever': Debt reaches six-year high

The number of Australians seeking help with debt has reached a record high as housing stress and utility costs weigh on budgets.

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